The Courier News from Blytheville, Arkansas on January 20, 1954 · Page 6
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The Courier News from Blytheville, Arkansas · Page 6

Blytheville, Arkansas
Issue Date:
Wednesday, January 20, 1954
Page 6
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VAOE3IX BI.YTHEVILLE (ARK.V COURIER NEW? WEDNESDAY, JANUARY 20, 1954 Texas Financier Eyes Control Of New York Central Railroad NEW YORK (AP) —Robert R. Young, clear of all connections with the Chesapeake & Ohio Railroad, was free today to achieve his ambition of controlling the Ney York Central System —if he can. __^ The 56-year-old Texas-born (In- or accept directorships on another " •ncler dropped a bombshell in financial aftd railroad circles with the announcement last night that he and a group of associates are quitting the C&O and severing all ties that in the past have kept hi msltting on the Central board. The C&O announced that Young had resigned as board chairman of the C&O. With him went his companion in an astonishing ris to power, Allnn P. Kirby, win stepped out as president of th< railroad. For years Young—the most dis cussed and unorthodox figure in American railroading—has talked of controlling the Central. While Young himself made no statement last night announce ments by the C&O and by the Alleghany Corp., holding company of which Young is bonrd chairman, left small doubt of what he Is after now. Four other C&O directors, all ol them with financial interests in Alleghany or its subsidiaries, also resigned from the C&O board. They were James Blaine. Henry Guild, Harry Thompson and Andrew Van. Pelt. At the same time, the C&O announced that Alleghany had sold all its remaining holds in the C&O —104,854 shares^ of common stock —to Cyrus S. Eaton, wealthy Cleveland Industrialist. Eaton was unanimously elected board chairman to succeed Young. Since 1951 Eaton has been the C&O's largest individual stockholder. H« now owns 205,854 C&O nhares and, according to the C&O is interested in a company owning 45,000 more shares. The total market value of all these shares Is nearly nine million dollars. The C&O announced further that all ties between Alleghany Corp. and the C&O will be severed— contractual, lease, and ioint salary arrangements. "With this action, Alleghany Corp. and Mr. Young and Mr. Kirby are completely divesting themselves of control of C&O and are free to acquire control of another ca i r i e r ," the C&O announced. "Mr. Young and Mr. Kirby and other Alleghany directors «nd officers are now free to seek Alleghany Corp. then Issued the following brief statement: "Alleghany Corp., Allan P. Kirby and Robert R. Young have become substantial stockholders of New York Central." The extent of Young's present holdings of New York Central stock could not be learned immediately. The C&O owns—or did own yesterday—800,000 shares of Central stock, 12'/2 per cent of tho outstanding common. But this big interest is now separate and distinct from whatever amount Young and his associates control. The C&O and the Alleghany Corp.—the "Young interests" then obtained working control of the New York Central as early as 1947. But they were forbidden from exercising it by the Interstate Commerce Commission in a move against interlocking railroad directorates. The Central stock was de- posted in voting trusts. Young, aided by Woohvorth heir Kirby and with a "shoestring" investment of three million dollars, took control of the 900-mlllion-dol- ar Alleghany Corp, in 1937 and, n turn, more than a billion dol- ars worth of railroad facilities. He rebuilt the bankrupt Van Sweringen railroad empire during he subsequent 10 stormy years of ailroad operation. It was In 1947 hat Alleghany bought 162,500 hares of New York Central at a eported price of 2>/ 2 million dol- LITTLE LIZ— Some people go to a lot of trouble for pleasure. Others get pleasure out of making a lot of trouble. VICTOR MANN Continued from page I nnd slipped off her apron and asked: "When do we leave?" Victor said, "Bight this minute before I change my mind." They walked out of the house and left everything they owned even to the dinner that was coking on the old wood stove and "pulled freight" — as Victor said. "We would want to kill one of our children if they ever pulled a stunt like that," Mrs. Mann added. In 1923, Boy Wilson of Wilson heard through a friend In Blytheville, about Mr. Mann and called him at his home in Mississippi to come and talk with him about a farm-managing Job with Lee Wilson nnd Company. The offer appealed to both parties concerned and for 20 years Mr. Mann worked for the company as farm manager. Fourteen o the years were spent at Marie Jim Grain told Mr. Mann he wan cd to show a place made out o Marie plantation and for all o us who remember the plantatlo home can vouch for it's beauti fill setting and grounds. Both Mr. and Mrs. Mann sail :hose 20 years were the happies days of their lives and . that n finer man ever ' .lived than Jirn :rain nor was any better man tc Work for. • • * MR. MANN had bought «. farm five miles north west of Osceol during the time he worked fo Lee Wilson company and in 194 decided to go into farming fo himself. He purchased one of th lovllest homes In Osceola. the Dud ley Lynch home on West Semme; and moved his family here. His health got bad and he rent ed out his farm and went into business In Osceola with his son and son-ln-Iaw, Russell Chiles Mr. and Mrs. Mnnn broke In and snld they counted Russell as their own ^on, and they didn't like the word "in-law" and to carry i further, Mr. Mann said, "Mrs Mann's mother is like my very own and I don't like the wore KIRBY DRUG STORES Main at Second Main and Broadway PERUNA WITCH HAZEL 24 PALMQLIVE PINKHAM 19t Cotton-Tip Applicators DOOM'S KIDNEY PILLS Extra Special \ Johnson's Baby Powde Borited, Fragrant 49 37« Slz. Glycerin uppositorie Vegetable Compound COLGATE DENTAL CREAM Hed. SAL HEPATICA Saline Laxative 69 C Stomach Uplcl? lake . , BISMADINE POWDER 2 4'/i-ountt QC&C to,;/,, Oil Keeps You Fresh TIDY | DEODORANT, POWDER, 2 i 79 C "MINOYL" MINERAL OIL Finest Grade FORMULA 20 Cream Shampoo Onm-Smootft 2 *•<>*. 4 29 (or. |- ALKA SELTZER 29c and 54c 6Oc Sii* MURINE for tke Eyes For Baby's Health Olafsen Oleum Percomorphum '3.98 AYTINAL Vitamins & Minerals with Crystalline B-12 Giant Tuotl of Wtlgrten CHLOROPHYLL TODTH PASTE PERFECTION Cream KELLERS ANALGESIC •AIM mother-in-law either. "W« are all one big family and each ol our In-laws Is just another Mann. We make special occasion out of everything where our children and seven grandchildren are concerned." The entire families, up until this past Christ- ir as, come prepared to spend several days and nights at the 'big house' for Christmas, even though there Is only a 'stone's throw to the homes of their two married children. "We have bought three dining tables since we moved to Osceola In 1944," Mrs. Mann said. "As our grandchildren increase we keep buylns larger tables but we have gone as far as we can now unless we enlarge the dining room. • • » WHEN THEIR youngest daughter, Billie Gaines Mann, came home from Ouachita college for the holidays and found the family had decided to have Santa Glaus at their own homes and then come over for Christmas dinner she sat down and cried and said It just wouldn't be Christmas any more to come home to if the family was going to quit the old custom of all being together and opening presents together, so was resolved by the 16 immediate members of the family never to try It again. The Mann's have never become exactly .cityfied. Even though Mrs. Mann says "It Is mighty nice and bandy, too, to reach out the door and bring in the milk" and has at last cultivated the taste for oleo— something she said she would never eat. They still believe In raising food for their table. Although her plot! of backyard is only 30 by 90 feet, j Mrs. Mann raised enough vege-i ables on It. to supply her table and j that of her son and daughter as I well, and filled her deep-freeze until not another pea could be squeezed into It. They have just finished eating the fresh ripe tomatoes Mrs. Mann wrapped while they were green and brought Into the house for winter eating. One Negro .family has been with Mr. Mann for 21 years. "He was once the main 'mule man, 1 on the farm, but now he's like all other connected with farming, he's gone modern t^nd drives a tractor." • • » UP UNTIL this year a mule- tractor combination was used on the Mann farm but now everything is mechanical. This year's crop calls for 125 acres in small grain— wheat, barley and oats, 146 acres In cotton and the balance of his acreage will be planted In corn and beans. A pasture with 22 head of whiteface cattle and fine hogs completes the farming picture. When the Mann's came to Osceola, they bought 80 acres for a home-site from Godfrey White, but being ucky when Dudley. Lynch decided to sell his home and move to Arizona. Mr. Mann bought the home before anybody in Osceola knew it was for sale, and he added, "now we're city-struck and wouldn't live •my other place. Mr. Mann bought the 320 acres -it public auction. His friends gid- led him about buying such a poor farm but, he added, "They aren't laughing anymore, there Is a gravel road to his farm, electric lights, and his tenants have washing machines, electric refrigerators and television." The place was so muddy when he bought it that the negro who has been with him so long named it "Dusty Valley" just for laughs, but the name has stuck and newcomers ask how the farm got it's name. Life isn't all work to Mr. Mann. He is a baseball fan from way back. When -a young boy, he played semi-pro. Players he recalled were Bill Terry, Frank Wynn. and the Critz brothers, (one brother later played with the New I York Giants). "The greatest I player of all then, on the team was I 'Dummy 1 Burgln, a deaf and dumb boy." • • • MR. MANN" is a charter member of the Wilson Baptist Church, having helped to build the church when he first came to Wilson. He; has been a deacon in the Baptist Church for 30 years. He Is a member of the Osceola' Kiwanis Club. He Isn't active in! the firm of Mann and Mann establishment but he smiled and said. "I'm still the president and pinch hit for Ray and Russell when they want to take off to go to s football game." Part of a poem by Edgar A. Guest that fits the Mann family to a "T" is this: "The gladdest people living are the Wholesome folks who make A circle at the iireslde that no Power but death can break. And the finest convention ever Held beneath the sun Are the little family \vnen me busy day It done." Fiery, prickly itch of Common Skin Rath Don't stand such torment any longer! Just smooth Resinol Ointment on your irritated skin at once. See how quickly! its 6 active medications—combined m 1 lanolin —bring restful, lingering relief, 1 ATTENTION FARMERS! Be sure to have your Cottonseed and Soybeans tested for Germination. Woodson-Tenent Laboratories Licensed Groin Inspectors 612 W. Ash Blytheville, Ark. SEWING MACHINE REPAIRS? Call SINGER! Then you can be *ure of • famous Singer service • expert. Singer repairs • genuine Singer parts • we repair other make*, too 1 SPECIAL—THIS WEEK ONLY: FREE INSPECTION and TUNE-UP! Singer Sewing Center 414 W. Main St. Blytheville Phone 2782 Dataflow's Great with this High-powered V8 T HE wonder is that Twin-Turbine Dynaflow could be bettered at all. But in the spectacular 1954 Buicks there's a whole long list of happy surprises besides the completely new bodies and glamorous new styling. And one of them is the silken new whip and carry of TT Dynaflow as powered by the mightiest Buick-engines ever built. V-^ome drive one of these gorgeous new '54 Buicks with this fully automatic transmission and you'll see what we mean. Instant new response on getaway. Cyclonic new power in one single, sweeping, velvet stroke from standing start to legal limit. Smoothness beyond measurement—infinite and constant. And new quiet every step of the way. That's literal fact—and we'll gladly prove it to you at the wheel of a beautiful new 1954 Buick. Drop in this week for a sampling—and for a face-to-face meeting with the buy of the year. *Simd.:rd on Koaiimaitcr, optional at extra cost on other Series, at Hi fria In /Wrtab MllVSJtUKKSHWl VI ENGINES wirJi jf.pp.J.up Aoritpown, IncliKfing fh./ 0 ».;>rlM4 Buick Sncui, ifcomt A«r« in flu ifunning Rlv!«ro bor/y tfylfc MOST COMPLITI CHO1CI OF PRICE RANGES] chillcngcr W the SPECIAL "low-price three" — America's highelt- CINTURY _ rocimieit luiury car in the SUPER middle-price class _tnp buy in the ROADMASTER c ,, s , oir ,.cir field -all wild 80Dr Br ;ISH£« WHEN BETTER AUTOMOBILES ARE BUILT BUICK WILL BUILD THEM LANGSTON-McWATERS BUICK CO. Walnut & Broadway 24 Hour Service Dial 4555

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